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2018 (1) TMI 828 - DELHI HIGH COURTDemand of various electronic transfers made by the Plaintiffs to the Defendants - cheque was returned with the remarks “Funds Insufficient” - Section 138 of the Negotiable Instruments Act, 1881 - Held that: - In the present appeal, on 23rd May 2016, an option was given to the Defendants to deposit the decretal amount. However, since the Defendants did not avail of the said option, this Court directed that execution petition would be proceeded with. It was recorded on 16th March, 2017 that subsequent to the settlement agreement entered into in the mediation centre, the complaint under Section 138 of the NI Act was rejected and the Defendants were acquitted. Appeal disposed off.
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